Good and bad news for the Euro | 25 فبراير 2020
25 فبراير 2020, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The closely watched IFO German confidence index unexpected rose this month, as did a measure of expectations. The increase comes as executives wait to see if authorities can get the outbreak under control before it does further damage to Chinese and global growth. Companies have already cut profit forecasts because of the epidemic, which has shut factories and curtailed demand. A bullish rally in the precious metals market will have a positive impact on the value of the Euro.
Trading recommendation: range 1.0832-1.0890.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
